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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - November 14, 1997
MELLON BANK CORPORATION
(Exact name of registrant as specified in charter)
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<CAPTION>
<S> <C> <C>
Pennsylvania 1-7410 25-1233834
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number Identification No.)
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One Mellon Bank Center
500 Grant Street
Pittsburgh, Pennsylvania 15258
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code - (412) 234-5000
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ITEM 5. OTHER EVENTS
By release dated November 14, 1997, Mellon Bank Corporation (the "Corporation")
announced that it has completed its previously announced acquisition of Pacific
Brokerage Services, Inc.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Mellon Bank Corporation Press Release, dated November 14, 1997
announcing the matter referenced in Item 5 above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MELLON BANK CORPORATION
Date: November 18, 1997 By: /s/ STEVEN G. ELLIOTT
Steven G. Elliott
Vice Chairman, Chief Financial
Officer & Treasurer
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EXHIBIT INDEX
Number Description Method of Filing
- ------ ----------- ----------------
99.1 Press Release dated November 14, 1997 Filed herewith
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Exhibit 99.1
Mellon Bank Corporation The Dreyfus Corporation
Media: Stephen K. Dishart Patrice M. Kozlowski
(412) 234-0850 (212) 922-6030
Analysts: Donald J. MacLeod
(412) 234-5601
FOR IMMEDIATE RELEASE
MELLON COMPLETES ACQUISITION
OF PACIFIC BROKERAGE SERVICES, INC.
--Entity to operate as Dreyfus Brokerage Services--
PITTSBURGH, Nov. 14, 1997--Mellon Bank Corporation (NYSE: MEL) today announced
that it has completed its previously announced acquisition of Pacific Brokerage
Services, Inc. (PBS), a self-clearing deep discount broker and member of the New
York Stock Exchange. Mellon and PBS signed a definitive agreement in August
1997. Mellon purchased PBS for cash. Other terms of the agreement were not
disclosed.
PBS will operate as a separate Mellon entity under the name
Dreyfus Brokerage Services, Inc. It will continue to be headquartered in Los
Angeles, headed by its current management team.
A broad-based financial services company with a bank at its core,
Mellon Bank Corporation ranks among the nation's largest bank holding companies
in market capitalization. With approximately $1.8 trillion of assets under
management or administration, Mellon provides a full range of banking,
investment and trust products and services to individuals and small, midsize and
large businesses and institutions. Its mutual fund company, The Dreyfus
Corporation, places Mellon as the leading bank manager of mutual funds.
Headquartered in Pittsburgh, Mellon's principal subsidiary is Mellon Bank, N.A.
Press releases and other information about Mellon Bank Corporation and
its products and services are available at http://www.mellon.com on the
Internet. For Mellon press releases by fax, call 1 800 758-5804, identification
number 552187.
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